This
research work on global financial crisis on Developing Economy in Nigeria from 2009-
2017. Secondary data was obtained from the World Bank, the Central Bank of
Nigeria and the IMF World Economic. The economic indicators examined in this
research are: unemployment rate, inflation rate, interest rate, non-performing
loans, foreign direct investment, foreign exchange reserve, real GDP growth
rate, and exchange rate. The regression analysis was conducted to examine the
effect of unemployment caused by the global financial crisis on the country’s
real GDP growth rate. Descriptive statistics including the mean, median and
standard deviation was also used to analyze the data. Trend analysis was
further used to analyze the trend of these indicators over the years. The
findings of this research indicated that the inflation rate and banks’
non-performing loans have increased during the global financial crises, however
they both moved back to their original levels during the post-crises period. On
the other hand the negative effect of the global financial crises on
unemployment, foreign direct investment and economic growth remained unchanged
even after the post-crises period. Also the dependence of Nigerian economy on
its petroleum exports makes its economic growth highly sensitive to the
petroleum prices. As the petroleum prices fell during the post-crises period
the economic growth of Nigeria was negatively affected.

LIST OF TABLES

4.2.1 Nigerian
Real GDP Growth Rates - - - - 28

4.2.2
Non-Performing Loans to Total Loans - - - - 30

4.2.3:
Nigerian Foreign Direct Investment - - - - 34

4.2.4:
Nigerian Inflation Rates - - - - - - 36

4.2.5: Nigerian Real Interest Rate - - - - - 38

4.2.6: Nigerian Exchange Rate
- - - - - - 40

4.2.7: Oil
Prices (U.S dollars) - - - - - - 42

4.2.8: Nigerian Foreign Exchange Reserves
- - - - 44

4.2.9: Nigerian Unemployment Rate
- - - - - 46

4.2.10:
Regression Results - - - - - - 48TABLE OF CONTENTS

Title
Page - - - - - - - - i

Approval
Page - - - - - - - - ii

Dedication - - - - - - - - iii

Acknowledgement- - - - - - - - iv

Abstract
- - - - - - - - v

List
of Tables - - - - - - - - vi

Table
of Contents - - - - - - - - vii

CHAPTER ONE

GENERAL INTRODUCTION

1.1 Background
of the Study - - - - - 1

1.2 Statement
of the Problem - - - - - 3

1.3 Research
Questions - - - - - - 3

1.4 Objectives
of the Study - - - - - 4

1.5 Significance
of the Study - - - - - 4

1.6 Scope
OF the Study - - - - - - 4

1.7 Organization
of the Study - - - - - 4

CHAPTER TWO

LITERATURE REVIEW

2.1 Introduction
- - - - - - 6

2.2 Conceptual
Definitions - - - - - 6

2.2.1 Concept
of global of financial crisis - - - - 6

2.2.2 Reasons
for financial crisis - - - - - 8

2.2.3 Consequences
of Global financial crisis on Nigerian Economy 11

2.2.4 Impact
of the current financial crisis on developing countries 12